Question 19 of 20 - /1 E View Policies Current Attempt in Progress Sandhill Industries had one patent recorded on its books as of January 1, 2021. This patent had a carrying amount of $302,400 and a remaining useful life of 7 years. During 2021, Sandhill brought a patent infringement suit against a competitor. On October 1, 2021, Sandhill received the good news that its patent was valid and that its competitor could not use the process Sandhill had patented. The company incurred $91,800 to defend the patent. Compute the carrying amount of the patent that would be reported on the December 31, 2021, balance sheet, assuming monthly amortization of carrying value of the patents. Patent $ Attempts: 0 of 1 used Submit Answer Save for Later